There are 19 BSE Group ‘A’ stocks that surged over 500 per cent in the past three years till September 23, 2016 amid volatility in domestic equity markets following hopes of reforms from Modi government, passage of Goods and Services Tax (Bill), China yuan devaluation, Brexit, appointment of new RBI Governor and uncertainty over hike in interest rate by US Federal Reserve. The list includes stocks such as SRF Ltd, which soared the most — 1,100 per cent to Rs 1789.05 till September 23, 2016 from Rs 149.15 on the same day three years back. SRF Limited, a multi-business entity engaged in the manufacture of chemical based industrial intermediates.

Benchmark BSE Sensex gained 44 per cent during the same period. Other BSE Group ‘A’ stocks which followed the rally include TVS Motor Company (up 943 per cent), Ceat (926 per cent), Bajaj Finance (800 per cent), Aurobindo Pharma (794 per cent), Tata Elxsi (793 per cent) and Finolex Cables (735 per cent).

JK Tyre, Jubilant Life, Eicher Motors, NCC, Atul Ltd, JK Lakshmi Cement, Ajanta Pharma, Manappuram Finance, HPCL, BEML, Bharat Financial and Marksans Pharma are among other majors which gained between 520 per cent and 686 per cent.

All the sectoral indices on BSE all gave handsome return to investors during the period, the BSE Consumer Durables, Auto, Bankex, Capital Goods, FMCG and Healthcare index advanced by 114 per cent, 104 per cent, 96 per cent, 94 per cent, 26 per cent and 79 per cent, respectively, during the period.

During September 23, 2013 till September 23, 2016, foreign institutional investors poured Rs 274504 crore in the Indian stock markets with gross purchases of Rs 37,89,842 crore and gross sales of Rs 35,15,339 crore.